On the 12th, the KOSPI index started higher. This is interpreted as a recovery in domestic investment sentiment due to news that trade negotiations between the United States and China have made progress.
As of 9:04 a.m. on this day, the KOSPI index recorded 2,595.97, up 18.7 points (0.73%) from the previous transaction day. In the stock market, individuals and foreigners purchased 6.6 billion won and 2.8 billion won, respectively, while institutions sold 8.5 billion won.
The KOSDAQ index is currently at 724.70, up 2.18 points (0.3%) from the previous day. In the KOSDAQ market, individuals have net purchased 18.9 billion won, while foreigners and institutions have net sold 5.2 billion won and 9.2 billion won, respectively.
The United States and China, engaged in a trade war due to the "Trump tariff," evaluated that significant progress was made in the first high-level direct negotiation on the 11th over two days and plan to issue a joint statement on the 12th.
U.S. Treasury Secretary Scott Bessen and U.S. Trade Representative (USTR) Jamieson Greer conducted trade negotiations with China's Vice Premier He Lifeng and Li Chonggang, Deputy Minister and International Trade Negotiation Representative of the Ministry of Commerce, following the previous day.
The negotiation held at the "Villa Saladin" in Geneva, Switzerland (official residence of the Permanent Representative to the United Nations Office at Geneva) continued for several hours on this day, following the previous 10-hour session, according to major foreign media.